Liberty Mutual Re has appointed Hetul Patel as chief actuary of reinsurance, effective immediately.
Patel will initially be based in Singapore but with a planned relocation to Cologne, Germany later in the year. He will work alongside Brian MacMahon, current chief actuary of reinsurance, until his retirement at the end of the year.
As part of Liberty Mutual Insurance Group, LM Re provides reinsurance products ranging from professional liability, environmental liability, cyber risk, and captives.
In his new role, Patel will lead the reinsurance actuarial team to provide pricing, reserving and capital support, as well as advance actuarial insight to meet strategic goals.
He previously held the position of director of non-life consulting at ActuariesOnTap, and chief actuary at Asia Capital Re.
Patel will report to Dieter Winkel, president of LM Re, and Chris Short, chief actuary at Liberty Special Markets.
Winkel comments: “Hetul Patel is an experienced global leader with a track record in generating profitable growth and managing international teams. He brings a depth of experience in data and analytics, which is exactly the skill set that we require for this role.”
